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Tech Stars From the 90s Reborn: Nokia, Dell, Cisco Surge on AI
They were all stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront. But Dell Technologies Inc., Nokia Oyj and Lenovo Group Ltd. are back with a vengeance thanks to the unrelenting...
– Save Change World (SCW) Articles –
Fed’s Bowman Says Labor Market May Need More Support
Federal Reserve Vice Chair for Supervision Michelle Bowman signaled the weaker-than-expected February employment report has tilted her back to supporting additional interest-rate cuts. “I was fine with holding at our January meeting, but now that we’ve seen that the...
Putin Urges End to Hostilities in Call With Iran’s Pezeshkian
Russian President Vladimir Putin emphasized the need for an immediate halt to hostilities in the Middle East during a phone call Friday with Iranian President Masoud Pezeshkian, according to the state-run Islamic Republic of Iran Broadcasting. During the call, Putin...
Wall Street’s Safety Net Is Giving Way as Iran War Hits Markets
The Iran war rattled but didn’t break Wall Street this week. Instead it exposed the limits of diversification strategies built to cushion investors against chaos. Throughout the week, stocks and bonds repeatedly fell together as oil surged and the inflationary shock...
Banks, Asset Manager Stocks Fall as Credit Concerns Persist
Shares of financial firms slid on Friday, as fresh worries over private credit combined with a broad market selloff to hit the weakened sector. Investors showed little patience for bad news, as the S&P 500 Index tumbled to close at its lowest levels since...
Surprise Drop in US Payrolls Casts Doubt on Steadying Job Market
US employers unexpectedly cut jobs in February and the unemployment rate rose, pointing to lingering fragility in a labor market that was thought to be stabilizing. Nonfarm payrolls fell 92,000 last month, one of the largest declines since the pandemic, after a strong...
BofA’s Hartnett Sees European, Japanese Stocks at Risk From War
A prolonged Iran war is a risk to the bank-stock powered rallies in Japan and Europe as investors abandon these markets in favor of exposure to oil and the US dollar, Bank of America’s Michael Hartnett said. Investors are likely to shift to assets that are...
How the Iran War Is Disrupting Global Oil and Gas Supply
Fears of deeper disruption to global oil and natural gas supply are growing as the US and Israel continue to strike Iran, and the Islamic Republic retaliates with missiles and drones across the Middle East. Prices of both commodities have jumped, and a sustained...
Iran’s Shahed drone: How ‘the poor man’s cruise missile’ is shaping Tehran’s retaliation
Iran used low-cost Shahed-136 drones to overwhelm Gulf air defenses after U.S.-backed airstrikes. The drones are cheap and easy to produce, while interceptors can cost millions. Russia’s wartime use in Ukraine helped prove the drones’ battlefield effectiveness. In...
Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch
Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort. The job reductions will affect divisions across the company and may be implemented as soon as this month, according to people...
Fed’s Beige Book Shows Weaker Consumer Is Weighing on Sales
US economic activity increased at a slight to moderate pace across most regions in recent weeks, though a growing number reported flat or declining activity, the Federal Reserve said. In its Beige Book survey of regional business contacts, released Wednesday, the US...
